Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999 (44 of 1999)
Schedule 4 Amendment of the Life Insurance Act 1995
50 After subsection 216(14)
Insert:
(14A) It is the intention of the Parliament that a law of a State or Territory has no effect to the extent to which it requires a life company to:
(a) pay unclaimed money to, or to an authority of, a State or Territory; or
(b) lodge a return relating to unclaimed money with, or with an authority of, a State or Territory.
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